Author Question: Allocative efficiency occurs when A) we cannot produce more of any good without giving up some ... (Read 48 times)

cookcarl

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Allocative efficiency occurs when
 
  A) we cannot produce more of any good without giving up some other good that we value more highly.
  B) we cannot produce more of any one good without giving up some other good.
  C) marginal benefit exceeds marginal cost.
  D) opportunity costs are decreasing.

Question 2

Which of the following countries are net lenders?
 
  I. Japan
  II. United States
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II



Benayers

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Answer to Question 1

A

Answer to Question 2

A



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